BP PLC
Europe markets set to open higher; Italy’s Mediobanca makes $7.2 billion bid for Banca Generali
Mediobanca puts in $7.2 billion takeover offer for Banca Generali The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Italian lender Mediobanca on Monday made a public 6.3 billion euro ($7.17 billion) offer to buy domestic peer Banca Generali as it seeks […]
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From mining giants to Big Oil, major players are jumping on the ‘white hydrogen’ bandwagon
The construction site of a plant for the production of hydrogen in Germany. Picture Alliance | Picture Alliance | Getty Images A growing number of sizable companies, from mining giants to energy majors, are embracing the hype for natural hydrogen. It comes as buzz continues to build over the potential for a resource that advocates […]
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Stocks making the biggest moves premarket: Boeing, Tesla, BP, Eli Lilly and more
Check out the companies making headlines before the bell. Boeing – The aerospace stock rose more than 5% after the company reported a narrower loss for the first quarter . Boeing said it had a net loss of $31 million in the first quarter, improving on the $355 million loss in the same period last […]
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BP shares jump 5% as activist investor Elliott discloses stake build
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, […]
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BP shareholders punish chair Helge Lund with low support
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images BP’s CEO Murray Auchincloss and Chair Helge Lund were re-elected on Thursday, although the sharply reduced level of shareholder support for Lund could mean his previously announced departure is […]
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Oil giant BP braces for shareholder showdown over green strategy U-turn
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors […]
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BP chair Helge Lund to step down after oil major pledges strategic reset
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. “Having fundamentally […]
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Activist investor Elliott takes short position in Shell after building a stake in rival BP
A Shell gas station on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program. The move, which was first reported by British newspaper The Times on Thursday, comes shortly after […]
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Trump administration sends a clear message to the oil and gas industry: ‘You’re the customer’
HOUSTON — The officials leading President Donald Trump’s energy agenda made clear to oil, gas and mining executives this week that they have an ally in Washington who intends to make it as easy as possible for them to drill in federal lands and waters. Interior Secretary Doug Burgum told executives gathered for the world’s […]
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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset. The beleaguered […]
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